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November 15, 2024 |
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| Home > Small Business Lenders by State > Arkansas Business Loan Sources > Jonesboro, Business Loans > Liberty Bank Of Arkansas Jonesboro Business Loans > Matco Tools Loan | ||||
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Paragould, Arkansas Bank for SBA Loans
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Paragould, AR Entrepreneur Gets SBA Loan to Buy Matco Tools rent Tools FranchiseBorrowing money to purchase a Matco Tools rent Tools franchise? Liberty Bank Of Arkansas has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Paragould, Arkansas needed money to invest in a Matco Tools rent Tools franchise back in 2004. Liberty Bank Of Arkansas issued an SBA franchise loan. Here are the details on this Arkansas small business loan. SBA Loan Borrower MATCO TOOLS SBA Loan Lender LIBERTY BANK OF ARKANSAS The issuing bank for this loan is an SBA 7A lender. This program helps the United States banking system to provide SBA small business loans to to entrepreneurs who might have trouble getting a conventional bank loan. SBA Loan Program Type This loan was issued as a general business loan. NAICS Code 454390 - Direct Selling Establishments Loan Approval Date 12/1/2004 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Matco Tools rent Tools franchise. At the time of the loan, the company had only one employee. The loan application did not indicate that the business promised to use the funding to increase staffing levels or retain any existing employees. Next Steps for Getting an SBA Loan SBA loans provide smart, affordable business financing for small businesses looking to expand. Many small business owners never get a business loan because they never bother to apply for a business loan. If you take the initiative, you may get a loan, just like this company did when it applied for and received this $150,000 loan. Remember, anyone can do it... so why not you? About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Realistic Debt Financing Options SBA 7A Banks for Jonesboro, Arkansas Loans
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